Basis of Allotment

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(This is only an advertisement for information purpose and not a Prospectus announcement).

CROWN LIFTERS LIMITED

CIN No. : U74210MH2002PLC138439

Our Company was incoporated as  Crown Lifters Private Limited under the provisions of the Copanies Act, 1956, vide Certificate of  incorporation dated December 2002 issued by the Registrar of Companies. Mumbai. Maharashtra. Subsequently, our Company was converted into a Public Limited Company and Fresh certificate of incorporation consequent to the conversion was issued on June 14, 2016 by the Registrar of Companies Mumbai. Maharashtra and consequently the name of our Company was changed to "Crown Lifters Limited". For details of change in registered office of our Company please refer to chapter titled "Our History and Certain Other Corporate Matters' beginning on page 112 of the Prospectus.

Registered Office; 104. Raheja Plaza, Shah Industrial Estate. Veera Desai Road. Andherl (W). Mumbai - 400053, Maharashtra. India
Tel No.: +91 22 2674 2122/ 2829 | Fax No.: +91 22 2674 1819 | Email; admin@crownlifters.com  Website; www.crownlifters.com
Contact Person: Mr. Karim Kamruddin Jaria, Managing Director

PROMOTER OF OUR COMPANY: MR. KARIM KAMRUDDIN JARIA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 5.52,000 EQUITY SHARES OF FACE VALUE DF RS 10 EACH FULLY PAID UP OF CROWN LIFTERS LIMITE D ("CROWN LIFTERS" OR TH E "COMPANY" OR THE 'ISSUER') FOR CASH AT A PR1CE OF RS 121 PER EQUITY SHARE (THE ISSUE PRICE")   (INCLUDING A SHARE PREMIUM OF RS 111 PER EQUITY SHARE AGGREGATING RS 667.92 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 28.000 EQUITY SHARES OF RS 10 EACH FULLY PAID UP WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 5.24.000 EQUITY SHARES OF RS 10 EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.51 % AND 25.17% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THIS ISSUE IS BEING IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 (AS AMENDED FROM TIME TO TIME). FOR FURTHER DETAILS PLEASE REFER TO "SECTION VII - ISSUE INFORMATION" BEGINNING ON PAGE 205 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH. THE ISSUE PRICE IS RS 121 THE ISSUE PRICE IS 12.10 TIMES THE FACE VALUE. ISSUE OPENED ON SEPTEMBER 09, 2016 AND ISSUE CLOSED ON SEPTEMBER 19, 2016

PROPOSED LISTING: TUESDAY, SEPTEMBER 27, 2016

The Equity Shares offered through the Prospectus are proposed to be listed on the NSE Emerge Platlorm ("NSE"). In terms of the Chapter XB of the SEBI (ICDR) Regulation, 2009. as amended from  time to time. the Company has recoived an in-principle approval letter dated Auqust. 16, 2010 from NSE for using its name in the offer document for listing of its shares on NSE Emerge Platform.
For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced with effect from Tuesday, September 27, 2016.*
* Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.
All Applicants participated in the Issue through Applications Supported by Blocked Amount ("ASBA") process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Sell Certified. Syndicate Banks (the "SCSBY's).

SUBSCRIPTION DETAILS

The Issue has received 719 applications for 1250000 Equity Shares resulting in 2.26 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections) are as follows:
Details of the Applications Received (Before Technical Rejection):

Category No. of Applicants % No.of Equity Shares % Subscription (Times)
Market Makers 1 0.14 28000 2.24 1.00
Retail Individual investors 679 94.44 679000 54.32 2.59
Other than Retail Individual Investors 39 5.42 543000 43.44 2.07
TOTAL 719 100.00 1250000 100.00 2.26

The details of applications rejected by the Registrar on technical grounds are detailed below: (Technical rejection)

Category No.of Applications No. of Equity Shares
Market Makers Nil Nil
Retail Individual investors 13 13000
Other than Retail Individual Investors 2 3000
TOTAL 15 16000

After eliminating technically rejected applications, the following tables give us Category wise net valid applications:

Category No.of Applications % Issue Size (as per Prospectus) Proportionate Issue Size
(After rounding off)
No. of Valid
Shares applied
Subscriplion (Times)
Market Makers 1 0.14 28000 28000 28000 1.00
Retail Individual Investors 666 94.60 262000 290000 666000 2 30
Other than Retail Individual Investors 37 5.26 262000 234000 540000 2.31
TOTAL 704 100.00 552000 552000 1234000 2.24

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange National Stock Exchange of India Limited on September 22. 2016.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 121 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 28.000 Equity Shares.

B. Allocation to Retail Individual Investors After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 121 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 2.30 times. The total number of shares allotted in this category is 290000 Equity Shares to 290 successlul applicants.

The Category-wise details of the Basis of Allotment are as under:

No. of
shares
applied
for
(Category
wise)
No. of
applications
received
% to
Total
Total No.
of shares
applied
in each
category
% to
Total
Proportionate
shares
available*
Allocation
per Applicant
(before
rounding off)
Allocation
per
Applicant
(after
rounding
off)
Ratio of
allottees to
applicants:
RATIO 1
Ratio of
allottees to
applicants:
RATIO 2
Number of
successful
applicant
(after
rounding
off)
Total No. of
Shares
Allocated/
allotted*
No. of
Shares
Surplus/
Deficit
1000 666 100.00 666000 100.00 290000 435.44 1000.00 27 62 290 290000 0
Total 666 100.00 666000 100.00 29.0000 435.44 1000.00 27 62 290 290000 0

C. Allocation to Other than Retail Individual investors (After Technical Rejections): The Basis of Allotment to the Non institutional investors, at the issue price of Rs121 per Equity Share, was finalized in consultation with NSE. The category was subscribed 2.31 times. The total number of shares allotted in this category is 234000 Equity Shares to 37 successful applicants.

The Category-wise details of the Basis of Allotment are as under:

No. of
shares
applied
for
(Category
wise)
No. of
applications
received
% to
Total
Total No.
of shares
applied
in each
category
% to
Total
Proportionate
shares
available*
Allocation
per
Applicant
(before
rounding
off)
Allocation
per
Applicant
(after
rounding
off)
Ratio of
allottees to
applicants:
RATIO 1
Ratio of
allottees to
applicants:
RATIO 2
Number of
successful
applicant
(after
rounding
off)
Total No. of
Shares
Allocated/
allotted*
No. of
Shares
Surplus/
Deficit
2000 10 27.03 20000 3.70 8667 666.67 1000 1 1 10 10000 1333
3000 1 2.70 3000 0.56 1300 1300.00 1000 1 1 1 1000 -300
4000 6 16.22 24000 4.44 10400 1733.33 2000 1 1 6 12000 1600
5000 1 2.70 5000 0.93 2167 2166.67 2000 1 1 1 2000 -167
7000 2 5.41 14000 2.59 6067 3033.33 3000 1 1 2 6000 -67
8000 1 2.70 8000 1.48 3467 3466.67 3000 1 1 1 3000 -467
9000 2 5.41 18000 3.33 7800 3900.00 4000 1 1 2 8000 200
10000 1 2.70 10000 1.85 4333 4333.33 4000 1 1 1 4000 -333
12000 3 8.11 36000 6.67 15600 5200.00 5000 J 1 3 15000 -600
13000 1 2.70 13000 2.41 5633 5633.33 6000 1 1 1 6000 367
15000 1 2.70 15000 2.78 6500 6500.00 7000 1 1 1 7000 500
16000 1 2.70 16000 2.96 6933 6933.33 7000 1 1 1 7000 67
17000 1 2 70 17000 3.15 7367 7366.67 7000 1 1 7000 -367
18000 1 2.70 18000 3.33 7800 7800.00 8000 1 1 1 8000 200
40000 2 5.41 80000 14.81 34667 17333.33 17000 1 1 2 34000 -667
43000 1 2.70 43000 7.96 18633 18633.33 18000 1 1 1 18000 -633
80000 1 2.70 80000 14.81 34666 34666.67 34000 1 1 1 34000 -666
120000 1 2.70 120000 22 22 52000 52000.00 52000 1 1 1 52000 0
Tolal 37 100 540000 100 234000 37 234000 0

The Board of Directors of the Company at Its meeting held on September 22.2016 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants The CAN and allotment advice and/or notices will be dispatched to the address of the Applicants, as registered with the depositories on or before September 26.2016. Further, the instructions to Sell Certified Syndicate Banks for unblocking the amount are being processed on or prior to September 26.2016. In case the same Is not received within four working days, investors may contact Registrar at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneliciary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on NSE Emerge Platform within six working days from the date of the closure of the Issue.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them In the Prospectus dated August 27.2016 ('Prospectus").

INVESTORS PLEASE MOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, BIGSHARE SERVICES PRIVATE LIMITED at www.bigshareonline.com. All future correspondence In this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
E2 Ansa Industrial Estate, Sakivihar Road, Sakinaka Andheri East, Mumbai - 400072.
Tel: +91 22 40430200 Fax; +9l 22 28475207 E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com: Contact Person: Mr. Ashok Shetty: SEBI Registration No.: INR000001385

Place: Mumbai

Date: September 22, 2016

For CROWN LIFTERS LIMITED
On behalf of the Board of Directors
Sd/-
Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF THE CROWN LIFTERS LIMITED.

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